Deferred Policy Acquisition Costs (Tables)

3 Months Ended

Mar. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of deferred policy acquisition costs activity

Impact of adoption for DAC
( $ in millions)	Accident and health		Traditional life		Interest- sensitive life		Total
Pre-adoption 12/31/2020 balance	$	343	$	32	$	95	$	470
Adjustment for removal of impact of unrealized gains or losses (1)	—		—		2		2
Post-adoption 1/1/2021 balance	$	343	$	32	$	97	$	472

(1)Adjustment reflected with a corresponding increase to AOCI.

Deferred policy acquisition costs activity
($ in millions)	Accident and health		Traditional life		Interest-sensitive life		Total
Three months ended March 31, 2023
Accident and health insurance
Long-duration contracts
Beginning balance	$	322	$	79	$	101	$	502
Acquisition costs deferred	13		6		4		23
Amortization charged to income	(9)		(3)		(4)		(16)
Experience adjustment	(9)		—		—		(9)
Total	$	317	$	82	$	101	500
Short-duration contracts							28
Property and casualty							4,943
Balance, end of year							$	5,471
Three months ended March 31, 2022
Accident and health insurance
Long-duration contracts
Balance, beginning of year	$	339	$	47	$	90	$	476
Acquisition costs deferred	12		11		8		31
Amortization charged to income	(7)		(2)		(3)		(12)
Experience adjustment	(14)		—		—		(14)
Total	$	330	$	56	$	95	481
Short-duration contracts							20
Property and casualty							4,342
Balance, end of year							$	4,843